Hobson will be one of two women and the only asset management executive on the board of J.P. Morgan Chase. (The bank also has its own asset management arm, J.P. Morgan Asset Management.) Hobson already serves on several other corporate boards, including Ariel'sboard.

Dimon praises Hobson as "one of the most highly respected and knowledgable leaders in business today, with valuable experience in corporate governance, financial markets, communications and leadership."&nbsp